Welcome to Mortgage Broker Guide
Broker California Licensing Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Mortgage Broker Career: The Basics
from: Mortage & Debt FactsThere are a few things that everyone looks for when they try to find the perfect job. For one, they want to be able to do something that is fun and that they can see doing for a long time. They also want to be successful and in demand. Finally, and often most importantly, they need to make a lot of money. Of all jobs, there are few that fit into all of these categories. One of the better ones is mortgage brokerage. If you want to try a new and challenging career that has a lot of amazing benefits, then you should definitely look into starting a mortgage broker career.
There are some things that you need to know before you consider a mortgage broker career. First, you need to know what it actually is. A lot of people have misconceptions about what mortgage brokers do. They assume that they are working for lending companies and are just out to sell loan products to unsuspecting prospective home buyers. That's not the case, although there is a career that falls under that description: loan officer. In reality, a mortgage broker works as an intermediary between the prospective home buyer and the lending company. The home buyers are the broker's real clients, and they work for them.
Essentially, you'll be helping people find the best lending company and loan product for the customer during your mortgage broker career. You want to evaluate who these people are, what the credit is like, and what they need. Then, with that information, you can present them with a few loans that fit the criteria. This is what being a mortgage broker is all about.
Sounds like a fun job, right? Well, hold it right there. A mortgage broker career isn't for everyone. There are certain personality traits that you need in order to be successful and for you to like what you do. Since you'll be working with clients so much, you should really enjoy people. If you don't, then you are ill-suited for this career. You should also be okay with filling out paperwork as you'll be doing a lot of it.
But you can't just start a mortgage broker career on a whim. You actually need to get a license first. This can be achieved after you take classes on the subject and pass a test. Once you do those things, and pay the necessary fees, you should be able to obtain a license. With it, there is nothing stopping you from starting your career as a mortgage broker.
Broker California Licensing Mortgage Specific links
Broker California Licensing Mortgage News
"The Keys to Finishing 2012 as Successfully as You Started It" - MarketWatch (press release)
"The Keys to Finishing 2012 as Successfully as You Started It" MarketWatch (press release) Part of the Prospect Mortgage Real Estate Agent Learning (REAL) program, the webinar offers real estate agents nationwide strategies for personal success and creating value for their clients in a changing marketplace. This is the third live webinar in ... |
A Note on The Implications Of Flat Fee Pricing; Lender Updates... - Mortgage News Daily
A Note on The Implications Of Flat Fee Pricing; Lender Updates... Mortgage News Daily If the CFPB feels that it is unfair for mortgage applicants to pay different dollar amounts for mortgages based on origination fees determined by percentage of loan amounts how is that different from real estate brokers basing their fees as a ... |
Four sentenced to federal prison for Bay Area senior home mortgage fraud scheme. - San Jose Mercury News
Four sentenced to federal prison for Bay Area senior home mortgage fraud scheme. San Jose Mercury News By Sam Richards Four people involved in a mortgage loan fraud scheme centered in Central Contra Costa County were sentenced to federal prison Thursday. In federal court in San Jose, the US Department of Justice said Friday that Ronald Nelson, 76, ... |
Jury Convicts Orange County Attorney and Carlsbad Real Estate Agent for $8 ... - Imperial Valley News
Jury Convicts Orange County Attorney and Carlsbad Real Estate Agent for $8 ... Imperial Valley News San Diego, California - United States Attorney Laura E. Duffy announced that after a one-week trial, a federal jury in San Diego convicted Carlsbad real estate agent Aida Agusti Castro and her son, Orange County attorney Stephen Kenneth Chrysler, ... |
Campaign aims to educate about mortgage scams - News10.net
 News10.net | Campaign aims to educate about mortgage scams News10.net Instead, he lost it to foreclosure after giving a broker nearly $2000 and following his instruction to no longer contact the bank or make his mortgage payments. "He reduced my mortgage from $785 to $386," Hamilton said."And all of this I should have ... California prime target for mortgage scams |